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    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
    		  
    #1

    Oct 18, 2007, 09:25 PM
    Recording the journal
    If Kip Bowman is owner and sole employee of KB Corporation. He pays himself a salary of 1500 each week.


    Addition tax information includes:
    FICA tax-OASDI 6.2% on first 93000
    FICA-Hi 1.45% on total pay
    Federal income tax 232.00 per pay
    State income tax 22% of the federal income tax withholding
    Federal unemployment tax 0.8% on first 7000
    State unemployment tax 0.05% on first 14000


    Additional payroll deductions include:
    401 K plan 3% per pay
    Child support garnishment $100per payHealth insurance premium $95 per pay


    Record the payroll entry and payroll tax entry for the pay of the week ended June 4 (his year-to date pay is 31500
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Oct 19, 2007, 03:12 PM
    See my PM.
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
    		  
    #3

    Oct 19, 2007, 09:17 PM
    Quote Originally Posted by AtlantaTaxExpert
    See my PM.
    So what do you mean can you help me with this problem
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
    		  
    #4

    Oct 19, 2007, 09:29 PM
    Quote Originally Posted by Too Short
    If Kip Bowman is owner and sole employee of KB Corporation. He pays himself a salary of 1500 each week.


    Addition tax information includes:
    FICA tax-OASDI 6.2% on first 93000
    FICA-Hi 1.45% on total pay
    Federal income tax 232.00 per pay
    State income tax 22% of the federal income tax withholding
    Federal unemployment tax 0.8% on first 7000
    State unemployment tax 0.05% on first 14000


    Additional payroll deductions include:
    401 K plan 3% per pay
    Child support garnishment $100per payHealth insurance premium $95 per pay


    Record the payroll entry and payroll tax entry for the pay of the week ended June 4 (his year-to date pay is 31500
    Please help me out
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Oct 20, 2007, 05:19 PM
    I CANNOT help you, because I do not have access to your text material.

    A private tutor would be able to help you.
    Too Short's Avatar
    Too Short Posts: 85, Reputation: -1
    Junior Member
    		  
    #6

    Oct 21, 2007, 06:53 PM
    Quote Originally Posted by Too Short
    please help me out
    All the material you need is right there
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